Sony launches USDC payments in Singapore, hints at Web3 expansion
Shoppers in Singapore can now use USDC to pay for gadgets on Sony Store Online, with the company hinting at future support for other cryptocurrencies.
On Tuesday, Sony Electronics Singapore announced that it has enabled USDC payments via the Crypto.com Pay service, marking the company’s first local move into direct crypto transactions.
With $60.06 billion in circulation, USDC is the second-largest stablecoin after Tether (USDT). The announcement comes just days after Circle, the company behind USDC, filed an S-1 registration with the U.S. SEC, aiming to go public via IPO.
“We are committed to making crypto payments more mainstream,” said Chin Tah Ang, General Manager of Crypto.com Singapore, adding that a brand like Sony could help boost the appeal of crypto as a payment method.
Crypto payments expansion on the horizon
While Sony currently supports only USDC, the company noted that more cryptocurrencies may be supported in the future. This move aligns with a broader strategic shift in Sony’s global operations toward blockchain and Web3 technologies.
Sony recently launched its Ethereum Layer-2 platform, Soneium, following a four-month test phase that attracted over $14 million in activity.
Developed by Sony Block Solutions Labs (Sony BSL), the platform aims to simplify creator–audience interactions using blockchain-powered tools — including NFT-based fan engagement systems and an incubator program called Soneium Spark.
As we wrote, Circle Internet Financial, the company behind the USD Coin (USDC) stablecoin, is preparing to file for an initial public offering (IPO) in late April and has enlisted the support of banking giants JP Morgan Chase and Citigroup to lead the effort.
Latest Crypto.com News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
